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Securities Fraud

Wall Street Is Even More Craven Than We Thought

The Huffington Post | Zach Carter | Posted 02.05.2017 | Politics

WASHINGTON ― Democrats used to see Jamie Dimon as one of the good guys on Wall Street. Once hailed as a “progressive” by The New Republic, the J...

Trump Signs Huge Wall Street Giveaway

The Huffington Post | Zach Carter | Posted 02.05.2017 | Politics

WASHINGTON ― One of the Donald Trump administration’s first orders of business on the economy will scuttle a rule protecting retirees from being s...

Commonly Encountered Federal Business Fraud Statutes

Brad Reid | Posted 01.04.2017 | Business
Brad Reid

Violating a federal fraud statute easily becomes a personal and business disaster. This comment provides a brief and incomplete educational overview o...

Texas Attorney General Ken Paxton Indicted

The Huffington Post | Sam Levine | Posted 12.28.2016 | Politics

Texas Attorney General Ken Paxton (R) has been indicted by a grand jury, multiple outlets reported on Saturday. The indictments were handed up on Tues...

Expert Witness: Litigation Games for Credit Derivatives and Structured Finance

Janet Tavakoli | Posted 03.06.2015 | Business
Janet Tavakoli

Class action lawyers have an incentive to win and to keep a case moving forward, but traditional law firms have done some first class work, too. Likewise, some class action law firms have mismanaged cases and floundered their way to a loss for their client.

Eating Post-It Notes, Napkins Couldn't Keep Alleged Inside Traders From Getting Busted

The Huffington Post | Ben Walsh | Posted 09.23.2014 | Business

John Le Carré is unimpressed. If you're going to use spycraft to conduct insider trading, at least use it properly. Last week, a Brooklyn man name...

Halliburton Ruling Could Be A Big Win For Big Pharma, Wall Street

Reuters | Andrew Longstreth | Posted 07.01.2014 | Business

NEW YORK, June 12 (Reuters) - Within the next two weeks, the U.S. Supreme Court is expected to rule in a major case that could make it much harder for...

HSBC Hit With Record Penalty

Reuters | Posted 01.23.2014 | Business

By Tom Hals Oct 17 (Reuters) - A unit of British bank HSBC Holdings Plc was hit on Thursday with a record $2.46 billion final judgme...

Bernanke's Deposition: AIG, Goldman, Merrill and Bailouts

Janet Tavakoli | Posted 02.24.2014 | Business
Janet Tavakoli

The SEC has lost steam in its already very weak push against mortgage lenders and the investment banks that supplied them with money for alleged fraudulent lending.

Senators Demand Answers About 'Untouchable' Wall Street Criminals

Dan Petegorsky | Posted 04.01.2013 | Business
Dan Petegorsky

For years now this has been DOJ's strategy: to rattle off the number of cases of "financial fraud" or "mortgage fraud" it has won, not a single one of which is the kind of case the public has been demanding.

Wall Street Executive Escapes Financial Crisis Charges

Reuters | Posted 09.30.2012 | Business

By Grant McCool NEW YORK, July 31 (Reuters) - A former Citigroup Inc manager was found not liable on Tuesday of civil charges of mis...

Capital One Settlement Shows Limits of Government Watchdogs

David Callahan | Posted 09.18.2012 | Business
David Callahan

Something really bad happened at a big bank, and tens of millions of dollars are being shelled out in settlements, and yet so far no heads are rolling. Just maybe that's because ripping off customers is now part of the business model for major banks. And why punish executives for doing their job?

'He's Been One Of The Best Witnesses'

Reuters | Posted 09.15.2012 | Business

* Kumar to be sentenced Thursday, faces up to 25 years * US praises Kumar for testimony against Rajaratnam, Gupta * Kuma...

D.M. Levine

Jury Convicts Ex-Goldman Director Of Insider Trading | D.M. Levine | Posted 06.15.2012 | Business

NEW YORK -- Jurors in a Manhattan federal court Friday found former Goldman Sachs board member Rajat Gupta guilty of conspiracy and securities fraud, ...

D.M. Levine

Insider Trading Defense Questions Goldman CEO's Credibility | D.M. Levine | Posted 06.13.2012 | Business

NEW YORK -- Prosecutors and defense lawyers offered starkly differing profiles Wednesday of Rajat K. Gupta during closing arguments in the former Gold...

D.M. Levine

Defense Rests In Rajat Gupta's Insider-Trading Trial | D.M. Levine | Posted 06.12.2012 | Business

The defense rested its case on Tuesday, the final day of testimony in the insider-trading trial of former Goldman Sachs board member Rajat K. Gupta. ...

D.M. Levine

Goldman CEO Blankfein Tells Jurors Some Wall Street Secrets Spill | D.M. Levine | Posted 06.08.2012 | Business

One question at the heart of the Rajat K. Gupta insider trading trial is whether information the former Goldman Sachs board member allegedly disclosed...

Witness: Gupta Could Have Profited From Rajaratnam Link

Reuters | Posted 08.06.2012 | Business

* Ex-Galleon portfolio manager testifies for prosecution * Rajaratnam and Gupta disagreed over fund option -witness * Fo...

D.M. Levine

Goldman Sachs CEO Downright Jovial at Ex-Director's Insider Trading Trial | D.M. Levine | Posted 06.04.2012 | Business

At the insider trading trial of former Goldman Sachs Director Rajat K. Gupta Monday, Goldman CEO Lloyd Blankfein offered testimony supporting key part...

Were You "Punk'd" by Facebook?

Joanne Bamberger | Posted 07.29.2012 | Business
Joanne Bamberger

Even though there is never a sure thing on Wall Street, many people thought this would be the exception. After all, it's Facebook we're talking about.

How Financial Criminalization Crashed Economy, Goes Unpunished

Charles Ferguson | Posted 07.22.2012 | Business
Charles Ferguson

It is no exaggeration to say that since the 1980s, much of the financial sector has become criminalized, creating an industry culture that tolerates or even encourages systematic fraud.

D.M. Levine

Goldman Sachs Looms As Rajat Gupta Fraud Trial Begins | D.M. Levine | Posted 05.21.2012 | Business

Goldman Sachs haunts the insider trading case against one of the Wall Street bank's former directors, Rajat K. Gupta. As Gupta's federal fraud trial o...

MetLife Sues Morgan Stanley

The Huffington Post | D.M. Levine | Posted 04.27.2012 | Business

Insurance giant MetLife is suing Morgan Stanley for fraud. The suit, filed in state court in New York on Wednesday, seeks $757 million over reside...

D.M. Levine

Twins Accused Of Massive Stock-Picking Robot Scheme Started As Teenagers | D.M. Levine | Posted 04.20.2012 | Business

Call it a family business. On Friday, the Securities and Exchange Commission filed suit against British twins for operating an alleged pump-and-dump s...

How to Avoid a Ponzi Scheme

Michael Martin | Posted 06.17.2012 | Business
Michael Martin

Investors who are victims of crime or financial fraud might have an easier time dong background search in trying to avoid Ponzi schemes before making investments than guessing which bank, Future Commission Merchant, or broker goes bankrupt.